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Maryland State Wire

Sunday, November 24, 2024

Higher property tax revenue in Maryland during Q2 2023

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $325 million in property taxes during the second quarter of 2023, a 4,542.9% increase over the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $7 million.

Overall, Maryland collected $9.1 billion in combined tax revenues in the the second quarter of 2023, an increase from the $7.5 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 2023 Maryland Tax Collections
Type of TaxAmount (millions)
Property Taxes$325
Sales and Gross Receipts Taxes$4,251
Income Taxes$3,941
License Taxes$323
Other Taxes$268
Source: U.S. Census Bureau

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